The Pensions and Lifetime Savings Association (PLSA) has issued its Stewardship Guide and Voting Guidelines for 2020. The document sets out the PLSA’s views on current market best practice and its voting recommendations for AGMs in 2020.
The document has been substantially rewritten to reflect the 2018 edition of the UK Corporate Governance Code, the 2019 edition of the UK Stewardship Code and the stewardship requirements introduced as part of the implementation of the EU Shareholder Rights Amending Directive (SRD II).
It also contains a new section on climate change and sustainability, which sets out the PLSA’s expectations in relation to corporate behaviour in this area. It notes that climate change is a systemic issue affecting nearly every industry and firm, which means that there is a heightened focus on this and other environmental, social and governance (ESG) issues.
The PLSA has also published a Voting Recommendations Summary chart which sets out its voting recommendations on certain issues, including executive remuneration, audit, company leadership and dividends.
Key contacts
Disclaimer
The articles published on this website, current at the dates of publication set out above, are for reference purposes only. They do not constitute legal advice and should not be relied upon as such. Specific legal advice about your specific circumstances should always be sought separately before taking any action.